LNG Developers Sell Stock in Push to Export U.S. Gas to Europe
- Tellurian enters into $200 million deal with T.R. Winston
- NextDecade sells $30 million of stock in latest LNG plant bid
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U.S. liquefied natural gas developers Tellurian Inc. and NextDecade Corp. sold a combined $230 million of stock in a push to build their proposed export terminals as war continues in Ukraine and the global energy crisis intensifies.
NextDecade plans to use the proceeds to market and advance its proposed Rio Grande LNG export terminal in Brownsville, Texas, the filing shows. Approved to make and export 27 million tons of the superchilled fuel per year, but stalled by a lack of contracts, NextDecade expects to make a final investment decision on the project during the second half of 2022. It is seeking a two-year extension from regulators to place the plant into service by Nov. 2028.